OneStream XF is a unified corporate performance management (CPM) solution suitable for midsize businesses and enterprises across the globe. The multi-application software provides integrated modules for financial consolidation and reporting, budgeting & forecasting, financial data quality and data analysis. OneStream XF helps businesses to increase their business agility and gain meaningful insights for making reformed business decisions.
The OneStream XF Financial Consolidation & Reporting module helps businesses meet their financial reporting requirements in a timely manner. The guided workflow feature enables administrators to design the flow of data and manage audit controls across the organization to ensure accuracy and confidence.
The budgeting, forecasting and reporting module allows for resource planning and budget allocation. Project managers can keep track of all expenses incurred during project execution via a dashboard and compare actual performance against the set targets. The module helps to improve governance with complete transparency on all budget changes. The ‘What-If’ model helps managers to understand different project outcomes based on different sets of assumptions.
The OneStream XF Financial Data Quality module offers guided reporting & analytics tools for business users to deliver timely and accurate information of business changes. Users can drill down the data set into multiple charts, grids and graphs. OneStream XF is a hybrid solution which can be deployed on-premises or hosted in the cloud. OneStream has partnered with Microsoft Azure for its cloud deployment option.
Dril-Quip reviewed several different products over a 2.5 year period to analyze the best product to suit the Company's current requirements and the ability to be fluid as it grows. OneStream's ability to provide one solution for consolidations, eliminations, reporting, forecasting, budgeting, complex data analytics, and various other items without having to manage data integration between multiple products and data points was a key driver in Dril-Quip's decision to move from an Excel environment to OneStream. The software also provides these functions at half the cost of some of it's competitors. The design and implementation were relatively pain-free and enabled us to meet a quick 6 month go-live target. Any instances in which road blocks were encountered were well handled and a work around provided in a timely manner. OneStream's Customer Support team routinely answered questions within 24 hours of asking a question and in most cases within the hour.
The software itself is easy to use such that the end user training was taught by Dril-Quip's administrator and back-up over a 3 day period of train the trainer. Users were a combination of individuals that had never used a similar product and those that had used market leaders. The users caught on quickly to the software due to its ease of use and step by step intuitive processes such that they were uploading, validating, and certifying data by the end of the first day of training.
OneStream's training for Administrators and end users is thorough where little assistance if any assistance is needed after go-live. Further, there are extensions of the product such as people planning and account reconciliations that OneStream provides as part of the single license fee which reduce the need for additional software to perform those tasks. Reducing that need enables the Company to be lean in both IT and Finance functions as it is creating more efficient processes.
Dril-Quip has been very pleased with the overall quality of the product.
-Ease of Use
-Managing the metadata is intuitive
-Multiple uses for the application without bolting on additional applications and data integration points
-Good controls and audit trails
The experience had been one of learning and embracing the new solution.
The software is a unified CPM platform and it's up to the customer to implement the variety of solutions which are included. The features, functionalities and cost structure (overall cost and licenses) were the main advantages for us and why we moved forward with OneStream. At the current moment we have only implemented the Planning solution, along with a daily revenue solution and a profitability solution. The customer service from the OneStream support team cannot be matched. The upgrade process is seamless and requires little or no work on our part (we are in the cloud).
It was a learning experience and took time for us to get used to the differences between Hyperion and OneStream. We were used to the various excel functionalities in SmartView which the OneStream Addin did not offer when we first started the implementation. But we were happy to see that OneStream listened to our suggestions for improvements and included them in upcoming releases. Overall, we are happy with our decision and look forward to implementing other solutions. In addition, we partnered with Archetype Consulting and they have been wonderful in guiding us through the implementation, transition and training processes.
As a user for just under two years, the overall experience I've had with the software and the team has been exceptional. And this extends to the user community as well -- it was amazing the number of times I heard "welcome to the family!" during the user-conference, but I definitely felt that way! While focused primarily on consolidations and part profitability, we have big plans to further expand OneStream to allow stronger analytics in guiding us towards future growth and profitability.
The software is very intuitive and easy-to-use, but the ability to expand into different organizational "needs" is facilitated by a company that is willing to listen to the needs of their customers, and respond quickly to put those needs into production! From basic consolidations, tracking of capital expenditures & headcount, and strategic planning modules (among many others!), OneStream XF gives users the ability to address their immediate needs while giving them capabilities for future expansion.
As more of an "end user" on the financial side (not I.T.), the only issue I faced was the speed of consolidating data. But note that this is based on a previous version of the software, with the newest release (based on the Splash! user-conference in May 2019) having addressed some of this issue. Another example of the company's willingness to listen and respond!
The things that we wanted in a consolidation platform is ease of use, a company that takes initiative to update the product, and something that will help with our consolidation/reporting. OneStream solves all these problems and we are very happy with our investment in OneStream.
The thing that I like most about the software is that it is very easy to get data out of the system. You can use quickviews, cubeviews, dashboards, books, the options are endless. Once you have these items set up, it takes seconds to produce your monthly financials or inquire on data.
The thing that I liked least about the software was the difficulty of dashboards. I spent a good while trying to figure out an Executive homepage in the older versions. With v5.0 and going forward, it looks like this will be simple from the presentations at Splash.
We were looking to replace a legacy system that was no longer going to be supported by its giant software company owner. Based on the experience we had we that company, we knew we did not want to use another of their packages. We chose OneStream based on functionality, product demonstration, price, references and pedigree of its developers.
It does so much. Every time I think I can't do something in OneStream, the consultants figure out how to get it done. It does more than I can possibly conceive.
I do not spend a lot of time and money maintaining OneStream. The software upgrades are very fast (about a half an hour) and usually do not require any consultant time.
I also like that if I do have a problem or a question, I can submit a support ticket and receive a quick response. Their customer service is far superior to what I'm used to with the giant software company that I dealt with before.
Because it's different from any software I've ever used, it took some getting used to. Definitely not an issue now.
Contact OneStream for pricing information or a quote.
• OneStream offers multiple-currency support allowing businesses to record their financial transactions in various currencies.
• The solution helps businesses to gain insight on various project operations and increase business agility by tracking changes immediately.
• Businesses can combine strict corporate control for financial reporting and auditing purposes.
• OneStream XF helps businesses to budget plan and forecast for the effective execution of financial resources.
• OneStream XF offers seamless integration with any open source software including SAP for simplified data flow among various IT applications.
Below are some frequently asked questions for OneStream XF.
OneStream XF offers the following pricing plans:
Pricing model: One Time License, Subscription
Free Trial: Not Available
Contact OneStream for pricing information or a quote.
OneStream XF offers the following features:
OneStream XF has the following typical customers:
Large Enterprises, Mid Size Business
OneStream XF supports the following languages:
OneStream XF has the following pricing plans:
One Time License, Subscription
We do not have any information about what devices OneStream XF supports
OneStream XF integrates with the following applications:
SAP Business Objects
OneStream XF offers the following support options:
FAQs, Knowledge Base, Online Support, Phone Support, Video Tutorials